Hanmi Financial Corporation appoints Daniel J. Medici to its Board, enhancing governance with his IT and risk management expertise.
Quiver AI Summary
Hanmi Financial Corporation announced the appointment of Daniel J. Medici to its Board of Directors, effective October 1, 2025, increasing the board size to twelve members. Chairman John J. Ahn expressed enthusiasm for Medici's extensive expertise in information technology, cybersecurity, and risk management, which are critical for community banks' success. Medici's background includes over 36 years as a federal bank examiner, where he specialized in assessing IT environments and controls for financial institutions. He will serve on several key committees and holds multiple industry certifications in IT and risk management. Hanmi Financial, based in Los Angeles, operates Hanmi Bank, which focuses on lending to small and middle-market businesses through a network of branches across several states.
Potential Positives
- Daniel J. Medici's appointment to the Boards of Directors adds significant expertise in information technology, cybersecurity, and risk management, enhancing the company's governance and oversight capabilities.
- Mr. Medici's extensive experience as a federal bank examiner and senior risk specialist positions him as a valuable asset in guiding Hanmi’s long-term growth strategies.
- The appointment expands the board's capacity to tackle increasingly crucial areas for community banks, potentially improving the resilience and success of the bank's operations.
Potential Negatives
- The press release highlights the need for enhanced governance practices and oversight at Hanmi, suggesting potential gaps in their current risk management and cybersecurity strategies.
- The appointment of Mr. Medici, while intended to bolster the board's expertise, may indicate prior deficiencies in these critical areas given his designated roles in audit and risk management committees.
- The increase in board size to twelve members could signal challenges in maintaining effective communication and decision-making processes within the board.
FAQ
Who has been appointed to Hanmi's Boards of Directors?
Daniel J. Medici has been appointed to the Boards of Directors of Hanmi Financial Corporation and Hanmi Bank.
What expertise does Daniel J. Medici bring to Hanmi?
Daniel J. Medici brings expertise in information technology, cybersecurity, and risk management to Hanmi's Board.
How many directors are on Hanmi's Board after this appointment?
With the appointment of Daniel J. Medici, Hanmi's Board now has a total of twelve directors.
What committees will Daniel J. Medici serve on at Hanmi?
He will serve on the Audit Committee, Risk, Compliance and Planning Committee, and the Loan and Credit Policy Committee.
Where is Hanmi Financial Corporation headquartered?
Hanmi Financial Corporation is headquartered in Los Angeles, California.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
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Full Release
LOS ANGELES, Sept. 30, 2025 (GLOBE NEWSWIRE) -- Hanmi Financial Corporation (NASDAQ: HAFC, or “Hanmi”) , and its wholly-owned subsidiary, Hanmi Bank (the “Bank”), today announced that Daniel J. Medici has been appointed to the Boards of Directors of Hanmi and the Bank, effective October 1, 2025. The addition of Mr. Medici brings the total number of Hanmi Board directors to twelve.
“We are very pleased to welcome Dan to Hanmi’s Board,” said John J. Ahn, Chairman of Hanmi’s Board of Directors. “Dan brings exceptional expertise in information technology, cybersecurity, and risk management, areas that are increasingly vital to the success and resilience of community banks. His decades of experience as a bank examiner and senior risk specialist will further strengthen our governance practices and oversight. We look forward to Dan’s contributions and insights to continue building on Hanmi’s long-term growth strategies.”
Mr. Medici was appointed to the Audit Committee and Risk, Compliance and Planning Committee of Hanmi and the Loan and Credit Policy Committee of the Bank.
Mr. Medici has more than three decades of experience in the information technology (IT) field. Based in San Diego, he served as a federal bank examiner for the Office of the Comptroller of Currency for over 36 years specializing in assessing complex IT environments, including evaluating controls at service and financial technology providers. He is widely viewed as an expert in information technology, cybersecurity, and operational processes, and recently worked with some of the largest financial institutions as a senior risk specialist overseeing IT and risk management practices. Mr. Medici earned a B.A. degree in finance and a M.S. in management science from California State University Fullerton. He holds several industry certifications including CISSP, CISA, CCSP, CRISC, and CompTIA Network+ and A+.
About Hanmi Financial Corporation
Headquartered in Los Angeles, California, Hanmi Financial Corporation owns Hanmi Bank, which serves multi-ethnic communities through its network of 32 full-service branches and eight loan production offices in California, Texas, Illinois, Virginia, New Jersey, New York, Colorado, Washington and Georgia. Hanmi Bank specializes in real estate, commercial, SBA and trade finance lending to small and middle market businesses. Additional information is available at
www.hanmi.com
.
Investor Contacts:
Romolo (Ron) Santarosa
Senior Executive Vice President & Chief Financial Officer
213-427-5636
Lisa Fortuna
Financial Profiles
[email protected]
310-622-8251
Media Contact:
Kelly McAndrew
Financial Profiles
[email protected]
310-622-8239
A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0f5a614b-ca5d-4815-af41-955631c0964a
